Intel Reports Flat Revenue
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Intel Reports Flat Revenue

News Highlights:

SANTA CLARA, Calif., April 14, 2015 -- Intel Corporation today reported first-quarter revenue of $12.8 billion, operating income of $2.6 billion, net income of $2.0 billion and EPS of 41 cents. The company generated approximately $4.4 billion in cash from operations, paid dividends of $1.1 billion, and used $750 million to repurchase 21 million shares of stock.

"Year-over-year revenues were flat, with double-digit revenue growth in the data center, IoT and memory businesses offsetting lower than expected demand for business desktop PCs," said Intel CEO Brian Krzanich. "These results reinforce the importance of continuing to execute our growth strategy."

Q1 Key Business Unit Trends


Financial Comparison
Quarterly Year-Over-Year
  Q1 2015 Q1 2014 vs. Q1 2014
Revenue $12.8 billion $12.8 billion flat
Gross Margin 60.5% 59.6% up 0.9 point
R&D and MG&A $4.9 billion $4.9 billion up 1%
Operating Income $2.6 billion $2.5 billion up 4%
Tax Rate 25.5% 27.7% down 2.2 points
Net Income $2.0 billion $1.9 billion up 3%
Earnings Per Share 41 cents 38 cents up 8%


Financial Comparison
Quarterly Sequential
  Q1 2015 Q4 2014 vs. Q4 2014
Revenue $12.8 billion $14.7 billion down 13%
Gross Margin 60.5% 65.4% down 4.9 points
R&D and MG&A $4.9 billion $5.0 billion down 2%
Operating Income $2.6 billion $4.5 billion down 41%
Tax Rate 25.5% 21.4% up 4.1 points
Net Income $2.0 billion $3.7 billion down 46%
Earnings Per Share 41 cents 74 cents down 45%

Business Outlook

Intel's Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures, strategic investments and other significant transactions that may be completed after April 14.

Q2 2015

Full Year 2015

For additional information regarding Intel's results and Business Outlook, please see the CFO commentary at:

Status of Business Outlook

Intel's Business Outlook is posted on and may be reiterated in public or private meetings with investors and others. The Business Outlook will be effective through the close of business on June 12 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, restructuring charges, and tax rate, will be effective only through the close of business on April 21. Intel's Quiet Period will start from the close of business on June 12 until publication of the company's second-quarter earnings release, scheduled for July 15. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company’s news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.

Risk Factors

The above statements and any others in this release that refer to plans and expectations for the second quarter, the year and the future are forward-looking statements that involve a number of risks and uncertainties. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should" and their variations identify forward-looking statements. Statements that refer to  or are based on projections, uncertain events or assumptions also identify forward-looking statements. Many factors could affect Intel's actual results, and variances from Intel's current expectations regarding such factors could cause actual results to differ materially from those expressed in these forward-looking statements. Intel presently considers the following to be important factors that could  cause actual results to differ materially from the company's expectations.

A detailed discussion of these and other factors that could affect Intel's results is included in Intel's SEC filings, including the company's most recent reports on Form 10-K and Form 10-Q.

Earnings Webcast

Intel will hold a public webcast at 2 p.m. PDT today on its Investor Relations website at A webcast replay and MP3 download will also be available on the site.

Intel plans to report its earnings for the second quarter of 2015 on July 15. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, Intel CFO and executive vice president, at A public webcast of Intel's earnings conference call will follow at 2 p.m. PDT at

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. As a leader in corporate responsibility and sustainability, Intel also manufactures the world’s first commercially available “conflict-free” microprocessors. Additional information about Intel is available at and, and about Intel’s conflict-free efforts at

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